U.S. Private Sector Employment Increases Much Less Than Expected In November
(RTTNews) - Private sector job growth in the U.S. fell well short of economist estimates in the month of November, payroll processor ADP revealed in a report released on Wednesday.
ADP said private sector employment increased by 127,000 jobs in November after surging by an unrevised 239,000 jobs in October. Economists had expected employment to jump by another 200,000 jobs.
"Turning points can be hard to capture in the labor market, but our data suggest that Federal Reserve tightening is having an impact on job creation and pay gains," said ADP chief economist Nela Richardson.
"In addition, companies are no longer in hyper-replacement mode," she added. "Fewer people are quitting and the post-pandemic recovery is stabilizing."
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Chicago Business Barometer Increases But Still Indicates Contraction
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U.S. Consumer Price Growth Matches Estimates In December
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U.S. Consumer Prices Increase In Line With Estimates In December
The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. increased in line with economist estimates in the month of December.
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U.S. Economic Growth Slows More Than Expected In Q4
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U.S. Jobless Claims Dip More Than Expected To 207,000
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U.S. Gross Domestic Product Jumps Less Than Expected In Q4
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U.S. Weekly Jobless Claims Dip More Than Expected
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